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EU: Greeks Cast Ballots Against Austerity
Spiegelonline ^ | 5/7/2012 | Julia Amalia Heyer in Athens

Posted on 05/07/2012 12:16:13 AM PDT by bruinbirdman

Frustrated Greek voters on Sunday punished the country's two biggest parties. The vote represents a protest against draconian austerity and the massive influence the EU and IMF are having on the country. Even if fringe parties profited from this anger, though, no one in Greece really wants to abandon the euro.

Of course they did it. It had been clear for some time now that, during the first parliamentary election since the debt crisis struck, Greek voters would punish both of the two parties that have traditionally been the country's biggest: the conservative Nea Dimokratia (New Democracy) and the socialist PASOK. After all, the fates of these two parties are too closely linked to the country's catastrophic state.

Still, it remained unclear whether this punishment, which had been foretold in every poll, would merely be a warning issued by voters or if it would be a full-blown knockout for the two major parties.

It was something in-between the two that emerged on Sunday: A powerful flogging from voters, but not a knockout. ND remained the country's largest political force with 20.1 percent of the vote, the socialist PASOK party plunged from 44 percent to just 13.9 percent with the anti-bailout, leftist Syriza party sneaking in between the two with 16 percent of the vote. The right-wing extremist party Golden Dawn ended up with 6.8 percent and will enter parliament.

Despite heavy losses, the conservatives under Antonis Samaras emerged as the de facto victors. But without much of a plan, the party is hardly a convincing winner. Instead, Samaras insisted on his mantra "I want to govern alone" throughout much of the campaign. Having received a mere one in five votes cast, that mantra proved laughable.

The Debt Crisis Strikes Both Parties

The socialists with PASOK suffered even worse losses

(Excerpt) Read more at spiegel.de ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS:

1 posted on 05/07/2012 12:16:25 AM PDT by bruinbirdman
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To: bruinbirdman

California lite, I say


2 posted on 05/07/2012 12:31:30 AM PDT by Joshua Marcus
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To: bruinbirdman
The statement: "no one in Greece really wants to abandon the euro" may not be factually accurate. It is an opinion contradicted by the voting, though euro (the currency) is not the same as the eurozone.
3 posted on 05/07/2012 12:35:09 AM PDT by verklaring (Pyrite is not gold))
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To: Joshua Marcus

California lite?

California is a piker compared to the federal government.

Obama has borrowed/printed about $15,000 for every man, woman and child in the US since taking office with no end in sight.

That’s ten times greater per person debt than California’s budget problems.


4 posted on 05/07/2012 1:05:41 AM PDT by DB
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To: bruinbirdman

Too bad Americans weren’t visionary enough to punish our political parties, while it was still early enough...we kept beating the dead horses and walking the globalist line. America is nearly lost as a sovereign nation.


5 posted on 05/07/2012 1:22:39 AM PDT by jacknhoo (Luke 12:51. Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
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To: Joshua Marcus

The slothful have spoken and they want their government to spend their progeny into governmental slavery so that they themselves will not have to work. This will not end well.


6 posted on 05/07/2012 2:36:40 AM PDT by fella ("As it was before Noah, so shall it be again.")
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To: bruinbirdman

So they’ve voted themselves a line of credit? Good luck with that...


7 posted on 05/07/2012 3:15:43 AM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: bruinbirdman

so they voted for more free stuff, that someone else gets to pay for.

how very liberal of them,


8 posted on 05/07/2012 4:32:12 AM PDT by tm61 (somewhere in chicago, a ward is missing it's crook)
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To: bruinbirdman
The right-wing extremist party Golden Dawn ended up with 6.8 percent and will enter parliament.

They're clearly modeled after the Nazi party. That was short for National Socialist. Hardly right wing.

9 posted on 05/07/2012 4:52:07 AM PDT by edpc (Wilby 2012)
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To: bruinbirdman
It looks like the Greeks, vote themselves more money from an empty treasury.
10 posted on 05/07/2012 4:57:46 AM PDT by 2001convSVT (Going Galt as fast as I can.)
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To: edpc
They're clearly modeled after the Nazi party. That was short for National Socialist. Hardly right wing.

Golden Dawn is an anti-immigrant, nationalist, socialist party which is calling for nationalization of banks and energy sectors.

Then again, they seem to be the only party calling for expelling illegal immigrants, and not letting Greek sovereignty be absorbed by the EU.

11 posted on 05/07/2012 5:29:10 AM PDT by PapaBear3625 (In a time of universal deceit, telling the truth is a revolutionary act. - George Orwell)
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